Policy Evaluation under Severe Uncertainty: A Cautious, Egalitarian Approach

In Conrad Heilmann & Julian Reiss (eds.), Routledge Handbook of Philosophy of Economics. London: Routledge. pp. 467-479 (2021)
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Abstract

In some severely uncertain situations, exemplified by climate change and novel pandemics, policymakers lack a reasoned basis for assigning probabilities to the possible outcomes of the policies they must choose between. I outline and defend an uncertainty averse, egalitarian approach to policy evaluation in these contexts. The upshot is a theory of distributive justice which offers especially strong reasons to guard against individual and collective misfortune.

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Alex Voorhoeve
London School of Economics

Citations of this work

Science and Policy in Extremis: The UK’s Initial Response to COVID-19.Jonathan Birch - 2021 - European Journal for Philosophy of Science 11 (3):90.

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References found in this work

The possibility of altruism.Thomas Nagel - 1970 - Oxford,: Clarendon P..
Risk, Uncertainty and Profit.Frank H. Knight - 1921 - University of Chicago Press.
Decision Theory with a Human Face.Richard Bradley - 2017 - Cambridge University Press.
Rational Decisions.Ken Binmore - 2009 - Princeton University Press.
Rational Decisions.Ken Binmore - 2008 - Princeton University Press.

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